Kerala Ink MoU with Adani for Vizhinjam Port
Posted on: 2015-08-18 Posted by: CLAT Gurukul Category: Archive Blog
Kerala government has signed a MoU with Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) for building 7,525 crore rupees Vizhinjam seaport project near Kovalam beach. The MoU was signed by Kerala Principal Secretary (Ports) James Varghese and Adani Vizhinjam Port Private Ltd CEO Santosh Kumar Mahopatra on 17 August in the presence of state CM Oommen Chandy and Adani Ports Chairman Gautam Adani. The proposal for the project was first initiated 25 years ago in 1991 by late Congress Chief Minister K Karunakaran but did not materialise due to various reasons. The agreement included proposal for usage of foreign ships for the carriage of goods between two ports in one country and relaxation of Centre’s Cabotage law that allows use of registered Indian ships only. As per the agreement the project is expected to kick start from November 1 2015 and promises to be operational in a record time of less than 1,000 days. Source: The Hindu
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